Qatar’s Al Khalij shares rise after $2.2 billion share-swap deal
Published 10 Jan,2021 via Bloomberg Markets - Al Khalij Commercial Bank PQSC shares surged Sunday after it agreed with Masraf Al Rayan QSC for a share-swap combination that will create Qatar’s second-largest lender.
The shares climbed as much as 8.7% in Doha, the biggest intraday gain in more than two months. Masraf Al Rayan shares rose 0.8%.
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Archana Narayanan